Finward Bancorp Chief Risk Officer/General Counsel Cerven to retire May 2023; Klemm named interim

Finward Bancorp

Leane E. Cerven will retire as EVP, CRO, General Counsel, and Corporate Secretary effective May 5, 2023.
Retirement is not related to any disagreement with the Bancorp regarding financial or accounting matters.
Lynette M. Klemm, current Director of Audit, appointed Interim Chief Risk Officer pending a permanent replacement.
Bridget Stout, Senior Auditor, will serve as Interim Director of Audit.
Ms. Klemm brings 34 years of internal audit experience and holds multiple industry certifications.

item 5.02 item 9.01

Executive movements

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Departed

Leane E. Cerven

Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary

FNWD · Finward Bancorp

Effective: 2023-05-05
Successor: Lynette M. Klemm
Filed: January 6, 2023, 6:59 PM ET

Leane E. Cerven, Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary, will be retiring from her role at the Bancorp and its wholly-owned bank subsidiary, Peoples Bank (the “ Bank ”).

Appointed (interim)

Lynette M. Klemm

Interim Chief Risk Officer

FNWD · Finward Bancorp

Effective: 2023-05-05
Filed: January 6, 2023, 6:59 PM ET

Effective upon Ms. Cerven’s retirement, Lynette M. Klemm, the current Director of Audit for the Bank, will replace Ms. Cerven as the Interim Chief Risk Officer for the Bancorp and the Bank, until such time as a permanent appointment may be made.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Leane E. Cerven departed as Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary at Finward Bancorp.

Action: retiring
Role: Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary

Exact text from the filing

Leane E. Cerven, Executive Vice President, Chief Risk Officer, General Counsel, and Corporate Secretary, will be retiring from her role at the Bancorp and its wholly-owned bank subsidiary, Peoples Bank (the “ Bank ”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lynette M. Klemm was appointed as Interim Chief Risk Officer at Finward Bancorp.

Action: appointed
Role: Interim Chief Risk Officer

Exact text from the filing

Effective upon Ms. Cerven’s retirement, Lynette M. Klemm, the current Director of Audit for the Bank, will replace Ms. Cerven as the Interim Chief Risk Officer for the Bancorp and the Bank, until such time as a permanent appointment may be made.

View on SEC.gov

Finward Bancorp filing history →

Source: SEC EDGAR

accession 0001437749-23-000661

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